Asset Managers – Page 281
-
News
PGGM first to introduce improved statement
NETHERLANDS – Dutch healthcare scheme PGGM says it is the first in the country to introduce a new and more transparent statement of pension rights for its clients.
-
News
Dutch painters scheme puts €225m with Altera
NETHERLANDS – Altera Vastgoed says it has been awarded €225m of real estate assets by the Dutch painting industry fund BPF Schilders.
-
News
SGAM gets €11.6bn in inflows in second quarter
FRANCE – Société Générale Asset Management gained €11.6bn in net inflows in the second quarter, which works out at a 12% annualised growth rate.
-
News
Credit Suisse says CSAM had Q2 asset outflow
SWITZERLAND – Swiss banking group Credit Suisse says its Credit Suisse Asset Management arm lost a net CHF200m (€128.4m) in assets under management in the second quarter.
-
News
Commerzbank asset management earnings tumble
GERMANY – First-half earnings at Commerzbank’s asset management division fell by almost half amid a steep rise in operating costs due to stock options for top executives.
-
News
ABP continues UK real estate moves
UK/NETHERLANDS – Stichting Pensioenfonds ABP, Europe’s largest pension fund, has continued to buy into UK real estate firms, according to company filings.
-
News
Mercer multi-management gets “excellent” response
US – Mercer Human Resource Consulting has had an “excellent” response from US clients for its new multi-management offering, says parent firm Marsh & McLennan Cos.
-
News
MN Services’ legal head Pelle moves on
NETHERLANDS – MN Services’ head of legal and fiscal affairs, Willem-Jan Pelle, is moving on after 11 years with the pension management company.
-
News
Standard Life under scrutiny at South Yorkshire
UK – The £2.8bn (€4bn) South Yorkshire Pension Fund is seeking an advisor for a £220m commercial property portfolio – putting incumbent Standard Life Investments under scrutiny.
-
News
ABN Amro sees asset outflow amid review
NETHERLANDS – Dutch banking group ABN Amro says there may be an outflow of assets under management as it reviews the profitability of some mandates and products.
-
News
Staffordshire scheme revamps managers
UK – The £1.7bn (€2.5bn) Staffordshire County Council Pension Fund has revealed a sweeping revamp of its investment manager roster.
-
News
Feri consultants join Watson’s German practice
GERMANY - International consultant Watson Wyatt has hired Feri Institutional Management’s Jürgen Heiny and Zeljko Tipuric, for its Investment Consulting practice in Germany.
-
News
F&C names Standard AM’s Mann director emerging debt
EUROPE - F&C Asset Management has recruited Jonathan Mann, formerly with Standard Asset Management, as director of the emerging debt team. This is a new position within a team that mostly caters for institutional investors.
-
News
Deutsche AM posts €12bn 1H05 investor outflows
GERMANY – Deutsche Asset Management, the institutional fund arm of Deutsche Bank, suffered €12bn in investor outflows during the first half of 2005.
-
News
AXA IM to buy Framlington Group Ltd for €252m
UK – AXA Investment Managers (AXA IM) is poised to buy boutique Framlington Group Ltd from HSBC Holdings and Comerica Inc for £174m (€252.1m).
-
News
Dutch manager tenders SRI brief via IPE-Quest
NETHERLANDS - A Dutch asset management firm has tendered a socially responsible investment (SRI) brief worth up to $100m (€83.1m) via IPE-Quest.
-
News
BGI launches 16 sterling and euro LDI funds
EUROPE- Barclays Global Investors (BGI) has launched 16 new pooled liability driven investment (LDI) funds aimed at UK and European pension funds that want to outperform their liabilities.
-
News
SWIP appoints southern Europe head
EUROPE – Scottish Widows Investment Partnership (SWIP) has appointed Corrado Amari, 54, as head of southern Europe.
-
News
UK schemes ‘shouldn’t count on tax loophole’
UK - Standard Life says pension funds and their advisers shouldn’t count on a grey area in current tax rules that let some members claim tax privileges – because the authorities are set to end it.
-
News
DeAM Europe chief sees institutional boost
GERMANY - Axel Benkner, chief executive of Deutsche Asset Management in Europe, says the firm’s institutional assets under management should rise by at least one-quarter within five years.
